Informal Relationships and Channels of Communication Often Develop That Do

question 6

True/False

Informal relationships and channels of communication often develop that do not appear on the organization chart.

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Definitions:

Transactive Strategy-making

A process in which strategy formulation is seen as a dynamic exchange between various stakeholders within and outside the organization.

Risk-taking Entrepreneurs

Individuals who start businesses or ventures by embracing uncertainty and potentially high risks in pursuit of innovation and profits.

Middle-level Managers

Individuals who manage the work of first-line managers and report to top-level management, playing a crucial role in implementing organizational policies and strategies.

Strategy Making

The process of developing and implementing plans or strategies to achieve organizational goals and objectives.